Not a problemQuote:
Originally Posted by DaveF
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Not a problemQuote:
Originally Posted by DaveF
Yep.Quote:
Originally Posted by flash
1. UKIOS, according to all sources, were always going to approve the CVA. This has simply been ratified today.
2. But it means little until UBIG also approve the CVA.
3. UBIG currently have their shares frozen by the Lithuanian government - so are not in a position to approve/reject the CVA.
4. Indications are, were they/when/if they are in a position to do so, they will be a lot less sympathetic than UKIOS.
The CVA is only really 'approved' subject to 2, 3 & 4, so behind the yam semantics, it is not approved at all.
What we shall see now is a wildly optimistic crowing from Gorgie, with spokespersons for FOH and the Scottish media talking about a 'timetable for the exit of administration' which they can't possibly know, as this is, and has always been, subject to the on-going investigations by the Lithuanian authorities, which may result in the unfreezing of UBIG shares, and, also, a positive decision on the CVA made by UBIG administrators.
If the investigations are concluded swiftly, and UBIG admins sympathetic to Hearts plight, FOH will claim it as a great victory. (Then they will **** themselves, quickly realising that they have an unworkable business model to finance an SPL club). If they drag on, and/or the UBIG admins are hostile to the CVA, there will be grumblings this winter at how they are being 'pushed to the brink of extinction' by anonymous foreigners.
Either way, it remains completely out of their hands. Basically, today was a pretty meaningless vote other than a symbolic 'bread-and-circuses' morale boost for the Jambos. The December fixture card, and (hopefully, though we don't know) on-going protracted investigations by the the Lithuanian government and/or a hostile UBIG admin, should tarnish that gloss somewhat.
Same here mate but I think I've just guessed it...... Bruce Willis is a ghost.Quote:
Originally Posted by stevejordan
Some trolling getting done in here like. PB's been quoted quite a bit in Brokeback... They are back to their jovial ways 1902 5-1 blah blah.
But as I've earlier said they will always be the club that robbed charities and local business's and didn't pay their way.., cheated their way to this and that.
For you all looking in .... Still a long way to go for the club with no shame.
C'mon uncle Boab get yur finger oot and scupper their plans.
Cool, but to be fair, have the media covered this story in-depth :cbQuote:
Originally Posted by Craig_in_Prague
My money is on their hands being tied by the frozen shares. I'm sure they would be happy to react, either positively, or negatively if they could. However, as you perhaps suggest, they might be playing a longer ball game, which could only involve the PBS, as Hearts sole real asset.Quote:
Originally Posted by Bajillions
Their complete lack of grasping the real issues since day 1, has been really disgusting.Quote:
Originally Posted by LeithenHibby
They all appeared to have painted a positive story on everything that has happened.
Yet as we are right now, nothing has changed. No shares!
I think that there might be a number of other parties wanting to get their grubby paws on the shares as as your rightly mentioned Bob it's their only real asset.Quote:
Originally Posted by Dashing Bob S
UBIG probably know this and there might even be a bidding war In which we know the FOH won't be able to bid anymore in cos they are rooked.
It is still a case of tick tock for me
Guys cheer up, It's friday, we're Hibs fans, we're no them, we haven't robbed anyone, we can hold our heads high, we don't don't cheating.
Really hope I make it onto jobbieback with this :greengrin
Spot on, nothing has changed today and HMFC may take this as a victory, but make no mistake, it ain't over by a country mile.......... Pleasing.Quote:
Originally Posted by Craig_in_Prague
Aye :wink:Quote:
Originally Posted by leggeto
ThisQuote:
Originally Posted by Thecat23
They are going to have a super dooper to get them out of relegation come feb with
Craig Gordon, Stewart, Bouzid, Bawsack Naysmith and others signing.
I assume the 100% is not including UBIG and Vlad's mother-in-law or whoever it is that has the 15% that was transferred out?Quote:
Originally Posted by Heisenberg
BBCBMcLauchlin @BBCBMcLauchlin1m
Hearts administrator Bryan Jackson tells BBC Scotland it will be March or April before club exits administration
Rudolf Hess skacel signing for them again I see. He's 34 now. No kicked a ball for a year.Quote:
Originally Posted by Aldo
but things are looking up for them now,when they exit admin next month they'll be able to sigh that German super kid jurgen döunQuote:
Originally Posted by LeithenHibby
Quote:
Originally Posted by Pretty Boy
I hear what you are saying but i dont think any hearts fan gives a toss what has happened.In the big scheme of things they have got of lightly and even if they do get relegated they will get decent money in through season tickets to buy players
Ha ha. Sounds bout right.Quote:
Originally Posted by Thecat23
Quote:
Originally Posted by Thecat23
Stand at ease, Guys :wink:
Has anything actually changed from about 10 days ago that we didn't really know about? I dont think it has. We knew the Ukio admin team were going to accept the CVA. It was reported last week on here. Its now upto FOH to get hold of the UBIG shares.
Why did the UBIG admin team abstain their vote and not just accept the CVA and get away from the whole situation? Sounds to me they obviously want some cash for them. I reckon a few hundred grand will do it tbh. My question is, can anyone bid for these shares?
Jamie Borthwick @jamiekborthwick33m
Adomonis of Ukio admins: "I should admit the fact that our decision has a substantial part of emotion in it" #heartscva
:greengrin I'm sure the Lithuanian taxpayer will be delighted.
The truth is out there. More twists and turns to come I'd bet. Mon the UBIG!Quote:
Originally Posted by Thecat23
The frozen shares and the PBS are the crucial parts to this jigsaw and any outcome.Quote:
Originally Posted by Dashing Bob S
Me too.Quote:
Originally Posted by Thecat23
By which time it is possible BDO will have ran out of money ! FOH fund their operations without knowing if the C.V.A. will be delivered ?Quote:
Originally Posted by Thecat23
He has pulled a few pints though !Quote:
Originally Posted by Hermit Crab
Why would they be? UBIG stand to get nothing other than possibly what they can get from selling their shares.Quote:
Originally Posted by Dashing Bob S
UKIO had a real motive to reject the CVA if they thought they could sell the PBS to someone else for more money. Now they've accepted the proposal from FoH, why would UBIG stand in the way?
UBIG have some power.Quote:
Originally Posted by jacomoseven
Had they rejected the CVA, and the company had gone into liquidation, UBIG would have got nothing. In the CVA situation, they may get some cash out of selling the shares.
Cash is always the motive. :agree:
Not now, you just told me Bruce Willis is a ghost in die hardQuote:
Originally Posted by Thecat23
Yep, those shares are worth a lot more this afternoon than they are this morning.Quote:
Originally Posted by CropleyWasGod
Yes, possibly an auction will develop between Jamieson and FoH, possibly not. I have no idea what's going on with that.Quote:
Originally Posted by CropleyWasGod
But - either way - I can't see why UBIG would reject a CVA now.
I was talking about Moonlighting sorry! :greengrinQuote:
Originally Posted by carnoustiehibee
Except when the UKIO admin allow "emotions" to get in the way of cash apparently.Quote:
Originally Posted by CropleyWasGod